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The average real wages of formal workers in Mexico have shown notable growth, accompanied by a significant improvement in workers' purchasing power, especially in the lowest income deciles, which indicates progress towards lower wage inequality.
Formal employment in Mexico showed null monthly variation in March 2024, reflecting a more pronounced slowdown than expected in the year's first quarter. In March, it grew below expectations, partly attributable to the effect of Easter.
The national unemployment rate in February 2024 was 11.7%, higher than the 11.4% in February 2023. On the year to February, employment grew 1.2% (260 thousand jobs), down from 2.5% (533 thousand jobs) in January 2024, continuing the trend of sl…
Social Security affiliation rose more than expected in March (193,600 individuals), but unemployment declined less than forecasted (-33,400). Seasonally adjusted, employment rebounded in Q1 2024 (0.8% quarterly CVEC) and both hiring (-0.9%) and…
Care work has a significant impact on women's approach to work. Promoting between family members a balance in the time spent on care and unpaid work would make it possible to increase women's labor participation, their income and their individ…
This Working Paper provides a concise overview of the recent enhancements to the sector module within the RegData FEDEA-BBVA database.
Social Security affiliation rose by 103,600, while unemployment decreased by 7,500. After seasonal adjustments, it is estimated that the number of contributors grew by 85,000, and the number of unemployed people dropped by 35,000. The percentage of temporary contracts decreased by 2.9 pp to 54.2% CVEC.
In this new issue of the OTMT, we analyze the evolution of the labor market up the fourth quarter of 2023. We take stock of the evolution of the main aggregate indicators to, a follow-up of the Labor Reform of 2021, voluntary resignations and q…
Formal employment added 109 thousand new jobs in January, 2.4% less than in 2023, with a marked slowdown in manufacturing and services. Real wage increased 5.6% YoY (15.4% above pre-pandemic), and the total wage bill grew 8.8% YoY (23.9% above …
Although per-capita income also depends on demographics, the employment rate and hours worked per employed person, productivity is the only determinant that is not subject to a natural limit and is capable of generating sustained long-term grow…
Signs indicate a gradual slowdown/normalization of the labor market, with NIFB survey trends suggesting no acceleration in employment, alongside lower Job openings and quits indicating slower wage growth.
Labor shortage is one of the factors limiting housing production. The available information indicates that workers employed in construction age faster than average and have less education. Attracting talent is essential to ensure generational replacement.
